Managing Project Risks in the Oil and Gas Industry Course

BMC Training provides Managing Project Risks in the Oil and Gas Industry in Oil and Gas Training. There are 23 training sessions in different cities.

Managing Project Risks in the Oil and Gas Industry Course Schedule

Type a city name
Venue Start Date End Date Details
Dubai , UAE 17 - 12 - 2023 21 - 12 - 2023
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Kuala Lumpur , Malaysia 24 - 12 - 2023 28 - 12 - 2023
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Paris , France 17 - 12 - 2023 21 - 12 - 2023
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Dubai , UAE 28 - 1 - 2024 1 - 2 - 2024
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London , UK 21 - 1 - 2024 25 - 1 - 2024
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Kuala Lumpur , Malaysia 14 - 1 - 2024 18 - 1 - 2024
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Istanbul , Turkey 7 - 1 - 2024 11 - 1 - 2024
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Paris , France 28 - 1 - 2024 1 - 2 - 2024
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Dubai , UAE 25 - 2 - 2024 29 - 2 - 2024
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Kuala Lumpur , Malaysia 18 - 2 - 2024 22 - 2 - 2024
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Istanbul , Turkey 11 - 2 - 2024 15 - 2 - 2024
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London , UK 4 - 2 - 2024 8 - 2 - 2024
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Paris , France 25 - 2 - 2024 29 - 2 - 2024
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Dubai , UAE 17 - 3 - 2024 21 - 3 - 2024
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London , UK 10 - 3 - 2024 14 - 3 - 2024
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Kuala Lumpur , Malaysia 3 - 3 - 2024 7 - 3 - 2024
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Istanbul , Turkey 24 - 3 - 2024 28 - 3 - 2024
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Paris , France 17 - 3 - 2024 21 - 3 - 2024
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Dubai , UAE 28 - 4 - 2024 2 - 5 - 2024
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Kuala Lumpur , Malaysia 7 - 4 - 2024 11 - 4 - 2024
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Istanbul , Turkey 14 - 4 - 2024 18 - 4 - 2024
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London , UK 21 - 4 - 2024 25 - 4 - 2024
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Paris , France 28 - 4 - 2024 2 - 5 - 2024
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Course Description

Objectives

  • To develop key risk management competencies such as developing an appropriate risk process for an organisation in the oil & gas Industry
  • To understand the key roles, responsibilities and activities associated with project risk management
  • To understand how best to apply appropriate tools and techniques to optimise risk management for your projects
  • To deal with the changing nature of risk through a stage gated project process
  • To understand the human side of risk in terms of risk perception
  • To understand the crucial challenges and lessons learned associated with oil and gas project risk management

Programme Outline

Fundamental Project Risk Management Concepts

  • What is risk?
  • What is different about project risk in the Oil and Gas Industry?
  • The dual nature of risk: – threats and opportunities
  • Business, operational and project risk
  • Introducing the risk management process
  • Planning risk management

Roles and Responsibilities and Identifying Risks

  • Key risk management roles and responsibilities
  • Good practices adopted in oil and gas organisations
  • Alternative approaches – which is right for your organisation?
  • Risk identification
  • Oil and Gas Industry specific techniques
  • Overview of MAR, LOPA, HAZID HAZOP
  • The ‘Bow Tie’ methodology
  • Tools and techniques for project risk identification
  • Alternative techniques based on team dynamic
  • Sabotage teams
  • Categorisation and the use of Risk Breakdown Structure (RBS)

Risk Analysis techniques

  • Alternative Risk Analysis assessment formats and recommended practices in the oil and gas industry
  • Qualitative /
  • Semi-Quantitative
  • Quantitative
  • Assessing Impact
  • Organisational / Business impact versus Safety / Environmental impact
  • Tools and techniques for risk analysis
  • Sensitivity Analysis
  • Expected monetary value analysis
  • Further factors to consider – the people side of risk
  • Perception, past experience and mental outlook
  • External factors – regulator activities & the effect of catastrophic incidents in the industry
  • Modelling and Monte Carlo simulation
  • Risk Analysis outputs

Planning Risk Responses and Implementing Risk Responses

  • Risk prioritisation
  • Risk response strategies
  • Action plan formulation
  • Action plan evaluation
  • Analytical evaluation process
  • Appropriate approval / endorsement of action plans
  • Implementing and monitoring
  • Variance and trend analysis
  • Earned value management
  • Implementing response plans – good practices

 Reporting and Communicating Risk, Extracting Lessons & Lessons Learned from the Industry

  • Risk reporting
  • Escalating risks
  • Reserve analysis
  • Embedding the process
  • How to identify and feedback lessons learned
  • Key risk management lessons from the oil and gas industry and megaprojects in particular
  • Applying the lessons and how to implement in my organization